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Bank of America Corporation (BAC) Shares Bought by GAM Holding AG

Wednesday, 15 Nov, 2017

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Martin Hughes increased its stake in Bank Of America (BAC) by 26.62% based on its latest 2017Q2 regulatory filing with the SEC. The stock of Bank of America Corp (NYSE:BAC) earned "Hold" rating by BMO Capital Markets on Friday, October 6. The institutional investor held 7.54 million shares of the business services company at the end of 2017Q2, valued at $143.68M, up from 6.71 million at the end of the previous reported quarter. Lincoln National Corp's holdings in Bank of America Corporation were worth $889,000 at the end of the most recent reporting period. Finally, Vetr raised shares of Bank of America Corporation from a "hold" rating to a "buy" rating and set a $26.59 price target on the stock in a report on Monday, October 16th. About 586,875 shares traded.

Bank of America Corporation (NYSE:BAC) traded down $0.11 during trading hours on Tuesday, hitting $26.40. It has outperformed by 41.94% the S&P500.

Among 30 analysts covering Bank of America (NYSE:BAC), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 50% are positive. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/14/community-bank-trust-waco-texas-trims-holdings-in-bank-of-america-corporation-bac.html.

Bank of America Corporation (NYSE:BAC) last posted its earnings results on Friday, October 13th. Citigroup Inc. reaffirmed a "neutral" rating and set a $27.00 price objective (up previously from $25.00) on shares of Bank of America Corporation in a report on Monday, October 9th. Credit Suisse maintained the shares of NI in report on Thursday, November 2 with "Outperform" rating. The rating was maintained by Piper Jaffray on Monday, October 16 with "Buy". On Tuesday, July 18 the stock rating was maintained by Nomura with "Buy". The stock of The Western Union Company (NYSE:WU) earned "Hold" rating by RBC Capital Markets on Friday, August 18. Bernstein upgraded Bank of America Corp (NYSE:BAC) on Tuesday, August 25 to "Mkt Perform" rating.

Veritas Investment Management Uk Ltd increased Laboratory Corp America Holdings (LH) stake by 1135.56% reported in 2017Q2 SEC filing. It also upped Adr stake by 250,032 shares and now owns 3.84M shares. They expect $0.47 earnings per share, up 17.50% or $0.07 from last year's $0.4 per share. BAC's profit will be $4.90 billion for 14.04 P/E if the $0.47 EPS becomes a reality. During the same period in the prior year, the firm posted $0.41 earnings per share. sell-side analysts anticipate that Bank of America Corporation will post 1.8 EPS for the current fiscal year.

Investors sentiment decreased to 1.12 in Q2 2017. Its up 0.05, from 1.01 in 2017Q1. It turned negative, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. As of the end of the quarter American International Group Inc had disposed of a total of 392,825 shares trimming its holdings by 11.1%. Boston Partners boosted its position in Bank of America Corporation by 0.5% in the first quarter. Frontier Communication invested in 166,247 shares or 0.39% of the stock. Paloma Prtn reported 897,400 shares. First Bancorporation Of Hutchinson owns 9,659 shares. Mackay Shields Limited Liability Company holds 0.68% or 666,299 shares. Central Asset Investments Mngmt Hldgs (Hk) Ltd holds 2.44% or 133,800 shares in its portfolio. Cetera Advisors Ltd Co invested 0.12% of its portfolio in Bank of America Corp (NYSE:BAC). Sage has invested 0.01% in Bank of America Corp (NYSE:BAC). Hightower Advsrs Ltd Co, Illinois-based fund reported 1.63M shares. Mengis Capital Management Inc acquired 20,630 shares as Bank Of America Corp Com (BAC)'s stock declined 6.00%. Kbc Group Incorporated Nv stated it has 1.48% of its portfolio in Bank of America Corp (NYSE:BAC).

Among 14 analysts covering Nisource Inc. (NASDAQ:DENN), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 12% are positive. Globe Specialty Metals had 25 analyst reports since August 5, 2015 according to SRatingsIntel. Oppenheimer maintained Ferroglobe PLC (NASDAQ:GSM) rating on Wednesday, August 30. The rating was maintained by B. Riley & Co with "Buy" on Tuesday, August 29. Monness Crespi & Hardt downgraded it to "Neutral" rating and $22 target in Thursday, September 8 report. The company was maintained on Saturday, September 5 by Oppenheimer. UBS maintained it with "Neutral" rating and $125 target in Tuesday, April 26 report. The stock has "Outperform" rating by Wood on Friday, April 7. As per Monday, July 24, the company rating was maintained by Robert W. Baird. The stock of Denny's Corporation (NASDAQ:DENN) has "Outperform" rating given on Tuesday, May 3 by Wedbush. The stock has "Buy" rating by Deutsche Bank on Wednesday, December 16.

Bank of America Corporation is a bank holding company and a financial holding company. It has a 33.25 P/E ratio. As of December 28, 2016, the Denny's brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 global locations.